Alex Hamric Acquires Multifamily In East Boston From Angel Martinez For $960,000
SOLD
$960,000
Massachusetts
See Similar DealsMultiFamily3,805 SF
Sold 05/02/2024
SOLD
Alex Hamric Acquires Multifamily In East Boston From Angel Martinez For $960,000
277 Havre Street
See Similar DealsMultiFamily3,805 SF
Sold 05/02/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$252
Total Square Footage:3,805 SF
Transaction Type:Sale
The multifamily property located at 277 Havre Street in East Boston, MA, was sold for $960,000. This property consists of 3 units with a total square footage of 3,805, resulting in a price per unit of $320,000 and a price per square foot of $252.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $960,000
- Units: 3
- Square Footage: 3,805
- Price per Unit: $320,000
- Price per Square Foot: $252
- Address: 277 Havre Street
- Market: East Boston, MA
- Buyer: Alex Hamric
- Seller: Angel Martinez
- Broker: Tyler Bates - Grove Property Group
Alex Hamric acquired the property from Angel Martinez in this transaction. The deal was facilitated by Tyler Bates from Grove Property Group, representing the parties involved in the sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$51,199.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,410.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,550.89
Annual Debt Service$54,610.68
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